Noel Edmonds, the TV presenter, accused the board of being in denial over fraud Rex FeaturesLloyds Banking Group shareholders are the latest to join the protests against rising reward packages for executives with nearly 21 per cent voting against the bank’s remuneration report at yesterday’s annual meeting in Edinburgh. Institutional Shareholder Services, which advises shareholders on how to vote, had urged them to turn down the £6.4 million pay package of António Horta-Osório, the chief executive, by pointing out that he was paid 95 times what the average employee earns. Although the remuneration report vote was passed, Lord Blackwell, the chairman, said he was disappointed with the result. He promised to consult further with those who had not backed the arrangements. Lloyds Banking Group runs the largest branch network in Britain with Lloyds, Halifax and Bank of Scotland among its…

Source: The Times May 24, 2018 16:21 UTC